News

All the latest Accountancy & Taxation News and updates from Dynamix Group.

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Reminder to look out for tax credit renewal packs

12-05-22
HMRC is currently sending the annual tax credit renewal packs to some 2.1 million tax credit…

Holiday lets occupancy check

12-05-22
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain…

When you are required to register for PAYE

12-05-22
There are a multitude of rules that new businesses must follow when they start employing staff for…

ISAs 2022-23

12-05-22
The maximum amount that can be invested in an ISA in the current (2022-23) tax year is…

Structures and Buildings Allowances

12-05-22
The Structures and Buildings Allowances (SBA) allows for tax relief on qualifying capital…

Income excluded from a property business

12-05-22
HMRC publishes a list of income streams that are excluded from a UK property business. The list…

Mortgage interest on rented property

05-05-22
Under new rules that came into effect from April 2017 the tax relief on mortgage costs for…

Builders – when you may not have to charge VAT

05-05-22
VAT for most work on houses and flats by builders and similar trades, like plumbers, plasterers and…

Tax benefits of switching to electric cars

05-05-22
There are many benefits to encourage the use of electric cars including lower running costs, the…

Writing off a director’s loan

05-05-22
An overdrawn director's loan account is created when a director (or other close family member)…

Exchange of joint interests

05-05-22
HMRC’s internal manuals consider the reliefs available where there is an exchange of joint interests…

IHT business asset relief

05-05-22
There are a number of reliefs available that can reduce liability to IHT if you inherit the estate…